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Tuesday, December 7, 2010

Real Estate Investment Clubs

Investment clubs provide a great resource for beginners and experienced real estate investors. Real estate investment club is a place to meet and network with other investors. Members with investment knowledge and information is a basic requirement for a successful real estate organization. Success in real estate should be a combination of investment knowledge and market information. A real estate investment club provide ideas for investments as well as all the necessary information to make a reasonable investment in real estate.

Since competition in the field of real estate is high, real estate investors need to keep themselves continuously updated on the new tendencies and development of investing in real estate. There may be new laws and fees for real estate. All this is difficult to maintain if you are not a real estate investor. An Investment Club is an ideal place for you. All matters with respect to investment properties can be discussed and sorted through the clubs experts. Part of the Club's benefits is access to experienced real estate investors and should be part of the club's strategy to become a successful organization.

Details of all other aspects of investments relating to property may be discussed such as mortgages, private money, hard money, rehabbing, land lording and much, much more. Most members of the Real Estate Club provide information via the Internet. Software programs are available for several different real estate markets, which help investors in real estate. Before you select software, you can discuss it with the members of the Real Estate Club, which may have been already used and have opinions. A good Real estate Investment club may act as a good forum to clear any doubts with respect to investment properties.

Click HERE for more information about the Miami Real Estate Investors Association MREIA
about.me/RobertKBurns

Written by +Bob Burns.

Thursday, October 7, 2010

Monetize Your Real Estate Asset by using Section 8, Plan 8 , Plan Eight or Plan Ocho....

One of the decisions most Real Estate investors make is what to do with the property after they have purchased the asset and repaired it. Should they sell it or rent it?

That decision was always easy for me, RENT IT! Why? I had a little secret strategy called Section 8 Florida. It is called by many names: Plan Ocho, Plan 8 or Plan Eight. Remember Miami, Florida is predominately Latin so the program's name has been translated to fit the Latin vocabulary.

Section 8 is a that provides a housing subsidy for low-income families and individuals. The funding comes from Housing and Urban Development (HUD) and your local Public Housing Authorities or Agency (PHA). These are the government agencies that will generally administer the programs. Section 8 Programs can be designated in state, county, city, or metropolitan regions. There are many types of Section 8 programs available; however, the programs which most property owners are likely to encounter are vouchers and certificates.

Being a landlord using Section 8, Plan Ocho has some advantages....
  • Future Tenant has already been screened by the Public Housing Agency PHA
  • 60%-100% of Rent is Paid by HUD, the government. (The rent is on time & you get some of your tax revenue back; Tax Refund Baby!)
  • Tenant is held responsible for damages. HUD does yearly inspections
  • Section 8 is another source of potential renters for your property
  • Programs are available to help rehab properties.
  • Rent payments are usually higher with Section 8 than the retail market rents.
  • There are Section 8 programs that issue low income housing tax credits.

For more information go to:
http://www.investmentpropertiesmiamiflorida.com/?page=section8

Written by +Bob Burns.

about.me/RobertKBurns